Just days after James Packer announced the sale of nearly half of his Crown shares to Lawrence Ho’s Melco Resorts, new accounts for the casino mogul's private investment company show he paid himself big dividends.
CPH reported a net profit of $49.8 million and paid a dividend of $124.2 million for the year ending June, 30 2018. CPH has now paid out more than $310 million in dividends over the past two years to another CPH entity but the accounts offer no indication of how much of this money flows directly to Mr Packer.
CPH’s loan bill in 2018 was significant according to the accounts but sources familiar with the numbers said much of this related to inter-company arrangements. Mr Packer's personal debt levels were low, the sources said.
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